Apple’s stock price (AAPL) kept rising in the intraday levels, amid the dominance of the main upward trend in the short term, with positive signals from the RSI despite settling at overbought levels, coupled with positive pressure due to trading above the 50-day SMA.
Therefore we expect more gains for the stock, provided it settles firmly above $248.33, targeting the resistance of $262.76.
Trend forecast for today: Bullish
Honeywell International’s stock price (HON) returned lower in the intraday levels, while gathering momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the price to return higher and target the resistance of $242.77 anew, provided the support of $220.63 holds on.
Trend forecast for today: Likely Bullish
Procter & Gamble’s stock price (PG) fell in the intraday levels while seeking a bottom to boost it, with the stock eventually leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels compared to the stock’s movements, hinting at positive divergence.
Therefore we expect the stock to return higher, targeting the important resistance of $180.43, provided the support of $166.27 holds on.
Trend forecast for today: Likely Bullish
Spotify Technology’s stock price (SPOT) fell in the intraday levels while gathering positive momentum to rise anew, amid the dominance of the main upward trend, as the stock trades alongside the secondary short-term trend line.
Positive pressure is ongoing due to trading above the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock’s movements, with positive signals streaming out of it.
Therefore we expect the stock to return higher and target the resistance of $506.47, provided the support of $445.00 holds on.
Trend forecast for today: Likely Bullish